Royal Bank of Canada Decreases Holdings in OneBeacon Insurance Group, Ltd. (OB)

Royal Bank of Canada trimmed its holdings in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 72.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,435 shares of the financial services provider’s stock after selling 65,478 shares during the period. Royal Bank of Canada’s holdings in OneBeacon Insurance Group were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its stake in OneBeacon Insurance Group by 1,566.6% during the 2nd quarter. FMR LLC now owns 1,871,885 shares of the financial services provider’s stock valued at $34,124,000 after acquiring an additional 1,759,570 shares during the period. Vanguard Group Inc. lifted its stake in OneBeacon Insurance Group by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,758,171 shares of the financial services provider’s stock valued at $32,052,000 after acquiring an additional 20,826 shares during the period. Dimensional Fund Advisors LP lifted its stake in OneBeacon Insurance Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,132,263 shares of the financial services provider’s stock valued at $20,641,000 after acquiring an additional 17,524 shares during the period. Renaissance Technologies LLC lifted its stake in OneBeacon Insurance Group by 47.5% during the 2nd quarter. Renaissance Technologies LLC now owns 666,700 shares of the financial services provider’s stock valued at $12,154,000 after acquiring an additional 214,600 shares during the period. Finally, Northern Trust Corp lifted its stake in OneBeacon Insurance Group by 3.2% during the 2nd quarter. Northern Trust Corp now owns 318,796 shares of the financial services provider’s stock valued at $5,812,000 after acquiring an additional 9,773 shares during the period. Institutional investors and hedge funds own 17.26% of the company’s stock.

OneBeacon Insurance Group, Ltd. (NYSE:OB) remained flat at $$18.09 on Wednesday. 280,900 shares of the company’s stock traded hands, compared to its average volume of 166,232. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.27. OneBeacon Insurance Group, Ltd. has a 1 year low of $13.63 and a 1 year high of $18.48.

Several analysts have commented on OB shares. BidaskClub upgraded shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

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About OneBeacon Insurance Group

OneBeacon Insurance Group, Ltd. (OneBeacon) is a specialty property and casualty insurance writer that offers a range of insurance products in the United States. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate. As of December 31, 2016, the Specialty Products segment consisted of 10 underwriting operating segments representing an aggregation based on those that offer products, coverages and services to customers across the United States.

Institutional Ownership by Quarter for OneBeacon Insurance Group (NYSE:OB)

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